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  • Bermudian insurance-linked securities (ILS) fund manager Nephila Capital increased its assets under management by a quarter to $10bn in 2013, its private equity backer KKR's fourth quarter results have shown.
  • Michael Lee, the chairman and chief executive of embattled US carrier Tower Group, has resigned weeks after the company accepted a $172mn takeover offer from Michael Karfunkel's ACP Re
  • Validus Holdings has announced that Alok Singh has resigned from its board with immediate effect
  • Validus Re has thwarted the US government in a dispute with the Internal Revenue Service (IRS) over a $435,380 tax bill it was forced to pay on retrocession cover.
  • A strong performance in its reinsurance business in the fourth quarter helped Aspen Insurance Holdings (AIH) offset a deteriorating combined ratio in insurance, driven by losses in its non-US marine, energy and transportation and casualty business
  • Montpelier Re reported a strong earnings beat for the fourth quarter and become the latest reinsurer to proclaim that it is happy with the outcome of the 1 January renewals, despite challenging conditions.
  • Endurance Specialty reported fourth quarter results that reflected the ongoing transformation of the Bermudian since John Charman arrived at the helm last year.
  • After a relatively benign year for US weather-related losses, insurers face claims of more than $1.5bn in January alone from the cold spell that continues to grip the country, according to Aon Benfield.
  • On the face of it, Bermuda's established cadre of (re)insurers might be forgiven for looking back on 2013 as a golden year
  • The insurance linked securities (ILS) market owes its rapid growth to rock-bottom interest rates in the US, and faces a slowdown once borrowing costs rise again, according to Denis Kessler, chief executive of French reinsurer Scor.